Africa: Iran War Lifts Africa Debt Costs That Have Surged Since Pandemic

Africa: Iran War Lifts Africa Debt Costs That Have Surged Since Pandemic

Discover moreOnline Magazine SubscriptionsAfrican Cultural ExperiencesReal-time Event UpdatesBloomberg The Iran war is raising borrowing costs for African countries that are only just recovering from the post-pandemic shock that sent debt burdens soaring. Research published Tuesday by ONE Data showed borrowing costs from the World Bank’s International Bank for Reconstruction and Development jumped to 5.2% in…

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Africa: Iran War Lifts Africa Debt Costs That Have Surged Since Pandemic

Africa: Extreme Weather Impacts Millions, Costs Billions

A new report released by the World Meteorological Organization (WMO) confirms that thousands of people have died, millions more have been impacted, and billions in losses have been incurred due to extreme weather fueled by climate change. Record-high greenhouse gas levels have pushed the Earth’s climate into an unprecedented state of flux. While these atmospheric…

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MTN warns AI boom is driving up chip costs

MTN warns AI boom is driving up chip costs

Increasing chip costs are starting to affect SIM cards. (Graphic by Nicola Mawson, with images from Freepik) JSE-listed MTN says it hasn’t seen the effects of a shortage of computing components due to the rapid growth of the artificial intelligence (AI) industry’s demand for chipsets – yet. AI companies’ ramp-up of data centres to cater…

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Eskom to rationalise AI pilots as costs rise

Eskom to rationalise AI pilots as costs rise

Eskom CTIO Len de Villiers State-owned power producer Eskom is looking to cut the number of AI pilots across the organisation in a bid to avoid wasteful expenditure, according to its CTIO, Len de Villiers. Speaking at the industrial digital and intelligent transformation forum hosted by Huawei at Mobile World Congress in Barcelona, Spain on…

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